Maersk-owned APM terminals is spending $200 million at its Elizabeth terminal in New Jersey to handle larger container vessels. That may be the last major investment by APM Terminals for a while according to Danish press reports. The 800,000 TEU increase in capacity could boost the overall Port of New York and New Jersey import handling by 15%. That would be a welcome addition after volumes increased just 3% in the year to January 31. That was the result of growth in traffic from Europe being offset by a slowdown in shipments from China. It would also move the port firmly ahead of Long B...
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